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Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

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February 2007

SE Europe: Albania looks to next steps

Albania has something of an image problem abroad. What scant coverage the country has received in the international press in the past has almost universally been negative in tone, focusing on drugs-trafficking, Mafia shootings, banking scandals and political mismanagement. It’s hardly the ideal news recipe if you’re looking to attract much-needed investment to a country often dubbed the poor man of Europe.


However, government officials speaking at a roundtable workshop at Euromoney’s Central and Eastern European Forum in Vienna had a much more upbeat tale to tell of recent developments.

Although acknowledging Albania’s difficult transition from central planning to a market economy, Erald Themeli, head of the monetary policy department at the Bank of Albania, claimed that the macroeconomic picture makes for compelling viewing.

Private sector

With recent economic growth averaging an impressive 5% to 6% – more than double the eurozone average – the country is enjoying rising levels of wealth and business...


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